Bryce Mclean Sells 16,700 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 16,700 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total transaction of C$243,820.00. Following the transaction, the insider directly owned 8,853 shares of the company’s stock, valued at C$129,253.80. This trade represents a 65.35% decrease in their position.

Bryce Mclean also recently made the following trade(s):

• On Friday, August 14th, Bryce Mclean sold 2,777 shares of Pason Systems stock. The shares were sold at an average price of C$14.48, for a total transaction of C$40,210.96.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Stock Down 2.8%

Shares of TSE PSI opened at C$14.14 on Wednesday. The stock has a market capitalization of C$1.10 billion, a PE ratio of 22.81, a P/E/G ratio of 10.78 and a beta of 0.43. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. The firm has a fifty day moving average of C$12.92 and a 200-day moving average of C$13.19. Pason Systems Inc. has a 52-week low of C$11.10 and a 52-week high of C$15.47.

Pason Systems (TSE:PSI) last issued its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The business had revenue of C$100.78 million for the quarter. On average, analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is 83.87%.

Trending Headlines about Pason Systems

Here are the key news stories impacting Pason Systems this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$17 and reiterated an “outperform” rating. The analyst consensus remains “Moderate Buy,” with an average target of C$15.83, implying potential upside from recent trading levels.
• Positive Sentiment: Pason’s quarterly results included C$0.18 in EPS and C$100.78 million in revenue. The company also pays a quarterly dividend of C$0.13, equivalent to an annualized C$0.52 and an approximately 3.6% yield.
• Neutral Sentiment: TD previously lowered its price target from C$18 to C$15 and assigned a “hold” rating, highlighting a more cautious view despite the broader analyst consensus. Pason Systems insider trading and analyst information
• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for about C$1.35 million on August 13–14. The transactions substantially reduced several executives’ holdings and may weigh on investor sentiment, particularly because the sales occurred near the stock’s 12-month high.
• Negative Sentiment: Jonathan Faber sold 45,000 shares, cutting his position by 51.72%; Bryce Mclean sold 19,477 shares across two transactions; Lars Olesen sold 13,000 shares; Russell Smith sold 6,500 shares; and Kevin Boston sold 8,714 shares across two transactions. While insider sales can reflect personal liquidity or diversification rather than deteriorating business conditions, their concentration is the clearest negative catalyst in the recent news flow. Kevin Boston sells Pason Systems shares

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PSI. TD decreased their target price on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada lifted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.83.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.